Germany is facing intense criticism for its handling of the Greek crisis. However, few remember the obstacles the Merkel government had to overcome to reach an agreement with Athens and keep the eurozone together.
Germany’s finance minister may be (southern) Europe’s most hated man – at home his approval ratings are going through the roof. Pointing to the inner logic of eurozone rules he may have more in mind than the future Europe’s single currency.
Greece needs to make reforms if it is to return to growth, and it is more likely that this will happen inside the euro than outside. The key is to reactivate a logic that has worked many times: solidarity in exchange for reforms.
Has anybody counted how often the headline “Now Grexit is unavoidable” has popped up in the media over the last few months? In fact, the ongoing Greek debt crisis is predictable only in its unpredictability.
Angela Merkel’s government seem to be taking the accelerating Greek crisis in good spirits, and it isn’t hard to see why: with Sunday’s referendum, Greece’s government has taken the country’s fate into its own hands
There was nothing he wouldn’t sell and very little he couldn’t buy. Alexander Schalck-Golodkowski was communist East Germany’s foremost capitalist. Having outlived the state he served by a quarter century, he died on June 21 at the age of 82.
Don’t fall for Russian President Vladimir Putin’s nuclear grandstanding: economically, he has his back to the wall. The deployment of US troops and heavy weapons in Eastern Europe would only play into his hands.
No, the West has not (yet) lost Ukraine, and the fragile Minsk truce and Western sanctions on Moscow have not (yet) failed. But Vladimir Putin’s 19th-century fixation on national military greatness may yet spoil attempts to stabilize the situation.
Seen from the other end of the Atlantic, the solution to the euro crisis always seemed obvious to some – not least NYT columnist Paul Krugman. Yet the Nobel Prize-winning economist has been wrong on virtually everything he has said about European fiscal policy.
The US Department of Justice’s indictment of leading FIFA officials is likely the result of successful cooperation with between US and European authorities, and relied on robust data collection. This example of successful surveillance could do with a bit more fanfare.
Fyodor Lukyanov says that the EU is living a fantasy, while Russia practices the kind of realism that has always guided international policy. Ulrich Speck disagrees – countries have always looked out for themselves, but they have also respected norms.
Berlin’s scandal-starved opposition senses blood in the water. Has Germany’s foreign intelligence service broken the law in assisting America’s ever data- and information-hungry National Security Agency?
As the sober National Interest warns that America and Russia are “stumbling to war,” roughly four Western scenarios compete to explain where we stand in the year-old Ukraine crisis. Let’s call them the McCain, Mearsheimer, Motyl, and Merkel theses of, respectively, Russian aggression, Russian hegemonic privilege, Russian decline, and Russian paranoia. (Part 1 of 2)
Former Chinese Vice Foreign Minister Fu Ying on the […]
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+++ The Kremlin is looking to exploit the transatlantic rift, warns Reid Standish; Kadri Liik argues that the West’s uncoordinated Russia policy is not necessarily a bad thing; “Donald Trump is hostile to Europe,” explains former US deputy national security advisor Ben Rhodes in an interview; Steven Pifer dissects Trump’s INF blunder; Annabelle Chapman profiles Warsaw’s new mayor Rafal Trzakowski; Ben Knight takes the measure of Germany’s CDU under its new leader Annegret Kramp-Karrenbauer; Derek Scally explains the real meaning of a “Hard Border” in Ireland (Words Don’t Come Easy); “Don’t Count Your Spitzens before They Hatch,” warns David Keating in our “Red Herring & Black Swan” column; and much more +++